Settlement Procedure

Updated on 2023-12-08 GMT+08:00

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No.	Phase	Performed By	Duration	Description
1	Generating historical transaction bills	Huawei Cloud	1 business day	On the seventh day of each month (If there is a holiday, the bill will be postponed to the next business day following the holiday.)
2	Reviewing and sending bills to the sellers	Huawei Cloud	5 business days	The notification for bill review is sent to the email address bound to the Huawei Cloud account of the sellers.
3	Confirming bills	Sellers	/	The sellers confirm bills in the Seller Console of Huawei Cloud KooGallery. Settlement for bills confirmed after the twentieth calendar day of a given month will be postponed to the next month.
4	Initiating payment	Huawei Cloud	6 business days	/
5	Requesting invoice issuance	Huawei Cloud	1 business day	The system sends an email notification to the sellers.
6	Issuing invoices and mailing them to Huawei Cloud	Sellers	/	The sellers issue the invoices with the corresponding tax rate according to the local tax law and send the invoices to the specified address.
7	Making payment	Huawei Cloud	7 business days	Huawei Cloud receives and verifies invoices. If the invoices are correct, Huawei Cloud completes internal accounting and settles with the sellers immediately.

NOTE:

On the seventh day of each month, bills of the previous calendar month are generated. If a transaction involves service supervision and the service flow of the transaction is completed, the bill for the transaction will be automatically generated in the next billing cycle.

Parent topic: Settlement Management

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